Legal Question in Banking Law in India
hi
My question is that during the pendency of insolvency process whether a bank can file a case under section 420 IPC for non payment of loan amount?
Asked on 1/27/10, 10:54 pm
1 Answer from Attorneys
Sudershan Goel
India Law Offices of Sudershan Goel - Advocate
Yes, unless you are given an injunction order by trial court, the bank may proceed with the available legal remedies,.
Answered on 1/28/10, 5:14 pm
Related Questions & Answers
-
I have a personal loan with some bank,due to very bad financial condition 8 months... Asked 1/27/10, 10:25 pm in India Banking Law
-
Maharashrtra coporative socities act 1960 rejection of nonmation paper Asked 1/25/10, 6:43 am in India Banking Law
-
Sir i sold a computer to a teacher of public school.but when i went bank the has... Asked 1/22/10, 11:05 pm in India Banking Law
-
I have taken personnel loan from icici bank regulary i paid the EMI's every... Asked 1/20/10, 11:22 pm in India Banking Law
-
I have given resignation from bank after 22 days bank send me chargsheet and one... Asked 1/20/10, 9:40 am in India Banking Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
